|Overall Rating||Gold - expired|
|Submission Date||Aug. 30, 2013|
Iowa State University
OP-T2-25: Local Businesses
|0.25 / 0.25||
Does the institution give preference to local products and businesses in its purchasing decisions? Local food purchases, which are covered in OP Credit 6: Food Purchasing, are not included in this credit.:
A brief description of the program:
Iowa State University participates in Iowa’s Certified Targeted Small Business Program, as created by the Iowa Legislature. As such, Iowa State has mandatory procurement spending goals towards targeted small businesses, as well as a $25,000 threshold for targeted small business purchases where a formal bidding process is not required. Each fiscal year Iowa State sets spending goals for doing business solely with Iowa’s certified targeted small businesses. This program specifically benefits businesses located in Iowa and that have an annual gross income of less than $4 million computed as an average of the three preceding fiscal years.
Iowa State also tracks local business activity and reports to the Board of Regents annually. 43.3% of all procurements during FY12 were to Iowa-based businesses.
The website URL where information about the program, policy, or practice is available:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to firstname.lastname@example.org.